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Edelweiss Alternative Asset Advisors Ltd (EAAA), a subsidiary of Edelweiss Financial Services Ltd (EFSL), has closed its India-dedicated Alternative Investment Strategy Fund (EISAF II) by raising ₹9,200 crore ($1.3 billion).
EFSL, and its nominees, have a 95 per cent shareholding in EAAA, which reported a loss of ₹12.23 crore in the financial year ended March 31, 2018, against a loss of ₹24.78 crore in the preceding financial year.
As of March-end 2018, EAAA’s total assets and liabilities stood at ₹78.24 crore (₹12.64 crore as of March-end 2017) and ₹125.58 crore (₹47.75 crore), respectively.
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